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Glo Unveils Tobi Amusan As Brand Ambassador

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World and Commonwealth 100 metres hurdles champion, Tobi Amusan of Nigeria, has been appointed a brand ambassador by total communications solutions provider, Globacom.

The athlete was unveiled as the company’s ambassador at a ceremony attended by sports personalities, media and Glo officials on Thursday, September 29, 2022, at Mike Adenuga Towers, Victoria Island, Lagos.

Tobi became the first Nigerian world champion in an athletic event when she won the gold medal in the100 metres hurdles event at the 2022 World Athletics Championships. She set a new world record of 12.12 seconds in the semifinal, and followed this up with 12.06 seconds in the final to take the gold medal.

Globacom’s representative at the event and Regional Manager, Sales, Lagos, Mr Lawrence Odediran, said the company decided to make Amusan its brand ambassador to reward her for her outstanding achievements, promote Nigerian sports, and encourage the younger generation to pursue their dreams no matter the odds against them.

“At Globacom, we are very proud of what Tobi Amusan has achieved in her athletics career. She is an embodiment of the Nigerian spirit of resilience, hard work and enterprise which enabled her to excel irrespective of the enormity of the challenges she encountered in her quest for success. These are qualities that Globacom identifies with,” Mr Odediran noted.

According to him, Amusan symbolizes the lesson in the famous quote by Malcom X, “the future belongs to those who prepare for it today”, adding that “she prepared very hard in the previous years and today belongs to her.”

“Tomorrow is also waiting for other determined Nigerian and African youths who begin their preparations today. We, therefore, urge them not to be discouraged by present challenges, but to continue to strive to realise their dreams”, Mr Odediran stated.

In her response,  Amusan expressed gratitude to Globacom for finding her worthy to fly the company’ flag as an ambassador, and pledged to be a good representative of the brand at all times across the world. “I am proud to be associated with Glo as its brand ambassador. It is a proudly Nigerian company doing great things and empowering Nigerians. I am grateful to the Chairman, Dr. Mike Adenuga, Jr., for giving me this amazing opportunity,” she declared.

A two-time African Games champion in the event,  Amusan who also won back-to-back African and Commonwealth titles in 2018 and 2022 in the 100m hurdles event wrapped up her long and successful 2022 campaign by competing in the 100m hurdles at the Zurich Diamond League event, which she won in 12.29 seconds.

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FG Approves Dangote Refinery As Sole Supplier of Aviation Fuel to Airline Operators

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The Federal Government has declared that Dangote Refinery is now authorised to serve as the only provider of jet fuel, or Jet A1, to aircraft companies operating in Nigeria.

The Minister of Aviation, Festus Keyamo, disclosed this on Tuesday when he featured on Channels TV programme.

According to Keyamo, the airline operators consented to let the 650,000 bpd refinery serve as their sole supplier of jet fuel, with his approval and cooperation.

“The airline operators just met recently. With my blessing, it’s a decision from the airline operators in Nigeria that they should only buy from Dangote refinery Jet A1.

“You can see that yesterday we started a naira-for-crude purchase with Dangote. It’s all Naira, no Dollar component,” Keyamo said.

He clarified that the timing is perfect because Dangote and the federal government recently put the naira-for-crude agreement into effect.

He made it clear that this arrangement would lessen the strain on foreign currency.

“The price will no longer be subjected to the varying factors of the international market, nor the headwinds of oil price in the international market. It will be in local currency so we can be clear as to the cost of it. We will buy in naira. I’m sure we are going to have access to cheaper Jet A1 fuel,” Keyamo said.

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It’s Time to Stop Subsidy on Petrol, Dangote Cautions FG

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Aliko Dangote, Founder of Dangote Petroleum Refinery, has said that the right time has come for the Federal Government to stop petrol subsidy.

Dangote spoke during an interview with Bloomberg TV on Monday.

“I think it is the right time to (take away subsidy) because all countries have gotten rid of subsidy,” he said.

He said subsidy is a sensitive issue, adding that once a country subsidises the product, people would increase the price.

Dangote said it would lead to the government “paying what they are not supposed to be paying”.

Dangote added that the petrol sold locally by his refinery will be tracked to ensure the consumption rate is accounted for.

“But this refinery will bring quite a lot of issues out there. It would show the real consumption of Nigeria because nobody can tell. Some people say it is 60 million litres per day, some say it is less,” the billionaire said.

“But right now, by us producing, everything can be counted and accounted for. Most of the trucks or ships that will load from us, we will put a tracker on them to be sure they are going to take the oil within Nigeria and that can help the government to save a lot of money.

“For example, Saudis, the citizens believe that oil is our god-given gift and should not charge us for it. Government was selling it at a very low price. But today, as we speak, gasoline is about 40 percent cheaper in Nigeria than in Saudi Arabia, which I think does not make sense.”

‘FG CAN’T AFFORD SUBSIDY’

Noting that petrol subsidy is not sustainable, Dangote informed that government cannot afford to keep subsidising.

“Our price of gasoline is about 60 percent the price of our neighbouring countrries and we have porous borders, so it is not sustainable. Government cannot afford the amount of subsidies we are paying,” he said.

Speaking further on the viability of petrol subsidy, Dangote said it is the government’s decision to either continue with or halt the payments.

“We have a choice of exporting when we produce and we sell locally. We are a private company and it is true we have to make a profit,” he said.

“We built something worth $20 billion, and definitely we have to make money.

“The removal of subsidy is totally dependent on the government, not on us.

“We cannot change the price but I think the government would have to give up something for something.”

Dangote said eventually, the subsidy would have to go.

Eecall that on May 29, 2023, President Bola Tinubu said the petrol subsidy regime was over as part of his inauguration speech. However, recent events have continued to prove that the subsidy regime is still very much in vogue.

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NOVA Bank Appoints Isiavwe, Iloghalu As New Executive Directors

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NOVA Bank has announced the appointment of David Isiavwe as Executive Director, Operations and Information Technology, and Chinwe Iloghalu as Executive Director, Institutional and Commercial Banking.

These appointments are part of NOVA Bank’s plan to strengthen its leadership team as the Bank continues its innovative journey, following its recent transition to a national commercial bank.

Dr. Isiavwe has over 30 years of banking experience in domestic and international banks. With a Ph.D. in Accounting, Dr. Isiavwe is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and Fellow Compliance Institute of Nigeria (FCIN) in addition to other professional certifications such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified Governance of Enterprise IT (CGEIT), Certified Information System Auditor (CISA), Certified Data Privacy Solutions Engineer (CDPSE) amongst others. David has attended leadership programs in some major global institutions such as Harvard Business School, MIT and Oxford University. He currently serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), and holds a position on the Governing Council of the Fintech Association of Nigeria. Additionally, he chairs the Statutory Audit Committee of Nigeria Inter-Bank Settlement System Plc (NIBSS). His appointment underscores NOVA’s focus on digital transformation, with his vast experience playing a crucial role in advancing the Bank’s technology-driven phygital model.

Mrs. Chinwe Iloghalu, with close to 30 years of experience in the banking industry, joins as Executive Director for Corporate and Commercial Banking, the key business and relationship management engine of the bank. Throughout her distinguished career, she has made significant contributions in business and corporate banking, with expertise spanning sectors such as energy, corporate, commercial and digital banking, where she has consistently created sustainable value and returns for key stakeholders. Holding an MSc in Media and Communications, along with an MBA, Chinwe is a Fellow of the Institute of Credit Administration (FICA). She has attended leadership and executive programs in key institutions such as Said Business School Oxford, Harvard Business School, Wharton amongst others. Her role will be central to enhancing NOVA’s commercial banking rollout across all key business development segments.

Phillips Oduoza, Chairman of NOVA Bank, commented on the appointments: “The addition of Dr. Isiavwe and Mrs. Iloghalu marks a critical point in constituting the management team that will lead NOVA into its next phase of growth. David’s expertise in technology will be key in enhancing our phygital model, while Chinwe’s strong business drive and relationship management coupled with the retail and product engine of the bank will be instrumental in driving the Bank’s strategic intent to become a formidable player in the banking industry. Their deep understanding of digital and electronic banking will significantly contribute to our trademarked phygital experience, which seamlessly combines the best of in-person service and bespoke digital solutions to serve our customers. Both leaders bring valuable experience that aligns perfectly with NOVA’s vision to be Africa’s preferred financial solutions provider.”

These two appointments will further diversify the board and bring about inclusiveness, noted Mr. Oduoza.

As NOVA Bank continues its expansion and transformation into a national commercial bank, these leadership appointments highlight its commitment to delivering innovative financial services. The Bank’s phygital model, combining cutting-edge technology with a physical presence, is redefining customer experiences and setting the stage for future advancements in the Nigerian banking landscape.

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